As normal motor insurance, the motor fleet insurance is for vehicles used for transportation, courier services. It generally covers different vehicles at a time and is used for four or more vehicles under one policy. This insurance policy fundamentally stands for the effective procurement of your insurance from a single insurance company in bulk amount. This would enable a discount on the premiums to be paid.
Both small and large fleets of commercial vehicles are covered under motor fleet insurance. From spending millions to a few AEDs, the fleet insurance can be profited from the condensed premiums and hours of administration enabling a hassle-free process. As for individual vehicles and the policies associated with them, motor fleet insurance policies are intended to be additional experienced and easy to manage. With a single renewal date, a single payment plan and a single point of contact make the motor fleet insurance flexible. The single point of contact enables hassle-free claims, alteration of the insurance policy, and any other queries.
Any business organization which is into transportation services including minibus, courier services, car rental services, large goods vehicles, etc, can buy a motor insurance policy. Motor fleet insurance policy is a wonderful technique to insure multiple vehicles under a single plan and premium. It is hassle free and cost effective.
Before purchasing a motor fleet insurance, there are several aspects that must be considered in the UAE.
- The number of vehicles and types of vehicles to be insured is an important point to be considered before purchasing a motor fleet insurance
- The age and condition of the vehicles also play an important part in purchasing a motor fleet insurance. This in turn affects the premium offered for the insurance
- Motor fleet insurances are cheaper compared to individual vehicle insurances
At present, in Dubai and across UAE, there are two types of car insurance policies offered:
As the name suggests, this type of insurance policy is an all-inclusive insurance policy. It covers your vehicle from any third-party damages and own damages. Any foreseen losses due to natural disasters, theft, or fire can be covered under comprehensive insurance.
A mandatory insurance policy set forth in UAE, the third-party liability insurance policy covers any damage that occurred to the third-party vehicle. This does not include damage caused to your vehicle. Third-party liability insurance is the minimum requirement before registering any of your fleet vehicles in the UAE.
Depending on the type of insurance taken the inclusions vary. The general services provided to our policyholders are:
Certain exclusions under the motor fleet insurance
Motor fleet insurance coverage surely has a surfeit of benefits to offer.
policyhouse.com is one of the leading motor fleet insurance brokers that offers a wide range of motor fleet insurances in Dubai and across UAE.
With valuable comparison and easy mechanism, we can offer you the best motor fleet insurance suited for your vehicle. We offer you with:
Do I require motor fleet insurance?
If you are into transportation, courier services business, or own multiple minibus or HGV’s, then you would require a motor fleet insurance. If you own different types of vehicles, you may still benefit with a motor fleet insurance.
Is breakdown cover included under motor fleet insurance?
Most insurance policies include breakdown cover as well as add-ons such as agency repair and personal accident benefit cover. It is very essential to understand what all covers under the motor fleet insurance purchased by you.
What are the factors affecting the cost of motor fleet insurance?
The major factors connecting the cost of motor fleet insurance are:
- Type of vehicle
- Number of vehicles
- Condition of the vehicles
- Value of the vehicles
What levels of cover are available under motor fleet insurance?
There are two types of fleet insurances.
- Comprehensive Insurance which provides complete coverage to your motor
- Third Party Liability Insurance which covers from any third-party damage